105: From Minimum Wage to Full Time Flipper with Ophelia Nicholson

Prepare to be inspired and motivated after listening to today’s episode of the BiggerPockets Podcast! In this program we sit down with Ophelia Nicholson, a house flipper from the Maryland area who got started with real estate while working a minimum wage job. You’ll learn how she broke out of that life and was able to quit her job to become a full time, successful house flipper, working on multiple properties at once! Listen for insightful tips on applying for a loan, learning to be a landlord, partnering with family members and quitting your job for real estate. If you’re wondering whether it’s possible to make your investing dreams come true, don’t miss out on this episode — it’ll give you great insight into how you CAN make it happen! In This Show We Cover:How Ophelia got started investingThe story of her “first small house“How to buy a house on a minimum wage salaryTips on applying for a loanThe experience of becoming an accidental landlordWhat to do if you’re sued by your renterLessons about starting out as a landlordOphelia’s on and off relationship with real estateThe pros and cons of partnering with familyHow to put 15 properties under contract in 30 daysQuitting your job for real estateThoughts on women getting into real estate investingPlus MUCH more!Links From the Show:BiggerPockets’ Trivia (email)BP Podcast Show 104BiggerPocket’s Real Estate Analysis SoftwareBiggerPockets’ List of Hard Money LendersBiggerPocket’s Flipping BookBooks Mentioned in the ShowThe Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties by J. ScottBrandon Turner’s The Book on Investing in Real Estate with No (and Low) Money DownThe 10X Rule: The Only Difference Between Success and Failure by Grant CardoneThe Trick to Money Is Having Some by Stuart WildeConnect with OpheliaOphelia’s BiggerPockets Profile